The shares of NB Plc were admitted to trading on the floor of The Nigerian Stock Exchange on 5th September, 1973. Currently, NB Plc is the second most capitalised company on The Nigerian Stock Exchange.
With about 111,976 shareholders as at 30th June, 2017, the authorised share capital of NB Plc is N5billion, divided into 10 billion shares of 50kobo each.
The issued share capital as at 30th June, 2017 stood at N3,998,451,025.50 divided into 7,996,902,051 ordinary shares of 50 kobo each. Heineken N.V has a majority shareholding of 55.95% while 44.05% is held by Nigerian and foreign individuals and associations.
The company paid out a total dividend of N28,386,181,179 (that is, N3.58 per ordinary share of 50 kobo each) for the financial year ended 31st December, 2016.
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Underlying performance momentum in the Second Quarter was similar to the first quarter. The benefits of the price increase taken in 2016 continued into the period under review, leading to an increase of 15% in Turnover.
Higher input cost however contributed to a 28% increase in overall cost and expenses, which were the result of the continued challenging operating environment combined with double digit inflation. A continued focus on efficiencies coupled with one-off Other Income resulted in a growth of 16% in Operating Profit. Net Finance Charges for the period were lower than the corresponding period in 2016, and this led to an increase in the Company’s profitability.
The 2017 operating environment remains challenging. Nevertheless, the Board is confident that barring any unforeseen circumstances, the Company is positioned to make the necessary adjustments to enable it to deliver a good return on investment to Shareholders.